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The EU has made substantial progress in terms of protecting its citizens since the early 1990s. This has often been in response to dramatic incidents, such as murders committed by the mafia or other organised crime groups or big money-laundering scandals, or to negative trends, such as the steep increase in migrant smuggling and trafficking in human beings following the 2015 migration crisis. More recently, it was necessary to respond to the sharp rise in cybercrime, fraud and counterfeiting during ...

Russia launched its war on Ukraine on 24 February 2022, but Russian cyber-attacks against Ukraine have persisted ever since Russia's illegal annexation of Crimea in 2014, intensifying just before the 2022 invasion. Over this period, Ukraine's public, energy, media, financial, business and non-profit sectors have suffered the most. Since 24 February, limited Russian cyber-attacks have undermined the distribution of medicines, food and relief supplies. Their impact has ranged from preventing access ...

The Network and Information Security (NIS) Directive is the first piece of EU-wide legislation on cybersecurity, and its specific aim was to achieve a high common level of cybersecurity across the Member States. While it increased the Member States' cybersecurity capabilities, its implementation proved difficult, resulting in fragmentation at different levels across the internal market. To respond to the growing threats posed with digitalisation and the surge in cyber-attacks, the Commission has ...

Serious and organised crime inflict huge costs on both the EU economy and society. Organised crime is an increasingly dynamic and complex phenomenon, as it has become more interconnected, transnational and digital. The Covid-19 pandemic has led to an increase in cybercrime, fraud and counterfeiting. Police and judicial actions and the effective implementation of existing EU instruments are critical in tackling this challenge. New strategies to disrupt the business models and structures of criminal ...

As the world moves online, forms of violence that already affect women and girls disproportionately are following suit, and digital technologies are enabling them to take on new guises. The EU does not have a legislative framework to address this gender-based violence, despite its harmful impacts on individuals, society and democracy. A legislative-initiative report calling for EU legislation to fight gender-based cyber-violence, and provide its victims across the Union with equal protection is expected ...

Child sexual exploitation and sexual abuse are among the worst forms of violence against children, and constitute serious crimes that know no borders. The continuous increase in child sexual exploitation and abuse, not least due to the Covid 19 pandemic, underscores the importance of harmonised national legislation and international cooperation to prevent these offences, protect the victims and prosecute the perpetrators. The European Day contributes to raising awareness on the need for prevention ...

EU cyber-defence capabilities

Oversigt 30-09-2021

Cyberspace has become the fifth domain of warfare alongside the traditional sea, land, air and space. As societies digitalise and become more technologically connected, cyber risks and vulnerabilities increase. The European Union (EU) has been highly active in strengthening cyber capabilities and coordination frameworks through a collection of initiatives and proposals, notably since 2017. The European Parliament will debate recent as well as future measures during the October I 2021 plenary session ...

The use of artificial intelligence (AI) in a broad range of areas is the subject of wide debate at EU level. Establishing an EU approach to AI is one of the European Commission's digital priorities, as illustrated by the proposal on an artificial intelligence act. Despite the great opportunities they offer, AI applications can also entail significant risks to people's fundamental rights. At the October I plenary session, the European Parliament is due to debate an own-initiative report on the use ...

Internal Security Fund 2021-2027

Oversigt 01-07-2021

As part of the 2021-2027 Multiannual Financial Framework (MFF), the European Commission proposed a regulation establishing the Internal Security Fund, with increased budgetary allocation, to ensure a high level of security within the Union. The European Parliament is due to vote at second reading during the July plenary session on the agreed text resulting from interinstitutional negotiations.

This paper shows that larger banks and better capitalised banks invest more in computer software. These findings could reflect that larger banks can attain greater benefits from computer software and that better capitalised banks have more resources to make larger software investments. All the same, smaller and less capitalised banks will also have to make substantial software investments to maintain sustainable businesses, something that supervisors will need to point that out to these banks.